Reetech International Cargo IPO vs Vedant Asset IPO

Comparision between Reetech International Cargo IPO and Vedant Asset IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Reetech International Cargo IPO	Vedant Asset IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Reetech International Cargo IPO is up to ₹11.71 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Vedant Asset IPO is ₹40.00 per share.

	Reetech International Cargo IPO	Vedant Asset IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹105.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	5,97,600 shares	7,50,000 shares
Fresh Issue Size (Amount)	up to ₹6.27 Cr	up to ₹3.00 Cr
OFS Issue Size	5,17,200 shares
OFS Issue Size (Amount)	up to ₹5.43 Cr
Issue Size Total	11,14,800 shares	7,50,000 shares
Issue Size Total (Amount)	up to ₹11.71 Cr	up to ₹3.00 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Reetech International Cargo IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.

	Reetech International Cargo IPO	Vedant Asset IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 30, 2022
Issue Close	Sep 29, 2022	Oct 04, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 10, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 11, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 12, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 09, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 08, 2023

Financials

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Vedant Asset IPO P/E ratio of 80.

Reetech International Cargo IPO

Vedant Asset IPO

Financial

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	396.17	18.99	13.98	325.06	273.21
31-Mar-21	877.78	1842.41	30.1	365.59	313.74
31-Mar-22	1727.52	11689.1	417.29	801.06	749.21
Amount in ₹ Lakhs

Vedant Asset Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	83.13	61.23	3.4	5.38	4.38	74.32
31-Mar-21	239.16	113.47	8.68	214.22	13.06	17.4
31-Mar-22	254.63	167.23	13.81	228.03	26.87	0
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

73.62%

72.83%

P/E Ratio

10.64

Market Cap

₹44.39 Cr.

₹11.05 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Reetech International Cargo IPO retail investors (RII) are offered 5,29,200 shares while in Vedant Asset IPO retail investors are offered 5,29,200 shares. Qualified institutional buyers (QIB) are offered in Reetech International Cargo IPO and in Vedant Asset IPO.

	Reetech International Cargo IPO	Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,400 shares	42,000 shares
QIB
NII	5,29,200 shares	3,54,000 shares
RII	5,29,200 shares	3,54,000 shares
Employee
Others
Total	10,58,400 shares	7,08,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Vedant Asset IPO subscribed 49.07x.

	Reetech International Cargo IPO	Vedant Asset IPO
QIB (times)
NII (times)	1.43x	42.98x
Big NII (times)
Small NII (times)
RII (times)	1.92x	55.16x
Employee (times)
Other (times)
Total (times)	1.67x	49.07x

Compare with others

Reetech International Cargo IPO	Vedant Asset IPO
Frog Cellsat IPO	Swastik Pipe IPO
Pace E-Commerce Ventures IPO	Trident Lifeline IPO
Swastik Pipe IPO	Steelman Telecom IPO
Trident Lifeline IPO	Reetech International Cargo IPO
Steelman Telecom IPO	Cargotrans Maritime IPO
Cargotrans Maritime IPO	Cargosol Logistics IPO
Vedant Asset IPO	Silicon Rental Solutions IPO
Cargosol Logistics IPO	Lloyds Luxuries IPO
Silicon Rental Solutions IPO	Concord Control Systems IPO
Lloyds Luxuries IPO	Maagh Advertising IPO

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